The MT Tracker would like to pretend that it has delayed its posting by a day because it was waiting for Norbert Dentressangle to list on the NYSE Euronext stock exchange in London today (currently its market capitalisation stands at €615m - or £526.4m) but unfortunately it was the MT Awards yesterday and time just ran away...
That said - while we'll be keeping a close eye on ND's performance - it won't be included in the MT Tracker data because it is a secondary listing outside of its Paris home. Simply, it is an exercise in access to investors based in London and not France. A move which Hervé Montjotin, CEO of ND, admits himself: "It will help to diversify and expand our shareholder base by giving us access to NYSE Euronext’s extensive network of London-based institutional investors."
Of those in the MT Tracker basket of shares the rumour mill is in over-drive and the shares are up and down. Of those we can talk about, in the main it is Stobart swinging upwards. This is because last Thursday it reported a “satisfactory” start to the year, despite low volumes from FMCG customers in its Eddie Stobart transport and distribution division.
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Stobart is making a move in the market-cap charts too:
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